UNCLE CHANG: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
UNCLE CHANG
Largest movements
- Financial fixed assets -€355,100
down €355,100 (-76.3%), from €465,515 to €110,415
- Cash -€12,422
down €12,422 (-86.0%), from €14,440 to €2,017
mainly Net result for the year (-€202,397) and Other debts (-€92,346)
- Tangible fixed assets -€10,749
down €10,749 (-38.4%), from €27,963 to €17,214
of which Plant, machinery and equipment: -€6,788
- Receivables within one year -€8,534
down €8,534 (-17.3%), from €49,299 to €40,765
of which Trade receivables: -€8,560
- Profit (loss) carried forward -€202,397
new in 2025: -€202,397
- Other debts -€92,346
down €92,346 (-52.6%), from €175,456 to €83,110
- Trade debts -€65,812
down €65,812 (-43.6%), from €150,837 to €85,025
- Debts after one year -€17,500
down €17,500 (-31.6%), from €55,417 to €37,917
- Financial charges +€535,963
up €535,963 (+8,311%), from €6,449 to €542,412
of which Non-recurring financial charges: +€548,076
- Gross operating margin +€158,848
up €158,848 (+66.7%), from €238,315 to €397,163
- Financial income +€146,463
up €146,463 (+27,265%), from €537 to €147,000
- Staff costs +€18,330
up €18,330 (+11.6%), from €158,556 to €176,886
- Depreciation -€6,175
down €6,175 (-28.9%), from €21,373 to €15,198
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,390 | €194,136 | -€391,254 | -66.8% |
| Fixed assets | 21/28 | €521,652 | €151,354 | -€370,298 | -71.0% |
| Intangible fixed assets | 21 | €28,174 | €23,726 | -€4,449 | -15.8% |
| Tangible fixed assets | 22/27 | €27,963 | €17,214 | -€10,749 | -38.4% |
| Plant, machinery and equipment | 23 | €20,371 | €13,583 | -€6,788 | -33.3% |
| Furniture and vehicles | 24 | €7,592 | €3,631 | -€3,961 | -52.2% |
| Financial fixed assets | 28 | €465,515 | €110,415 | -€355,100 | -76.3% |
| Current assets | 29/58 | €63,739 | €42,782 | -€20,957 | -32.9% |
| Amounts receivable within one year | 40/41 | €49,299 | €40,765 | -€8,534 | -17.3% |
| Trade receivables | 40 | €21,695 | €13,135 | -€8,560 | -39.5% |
| Other amounts receivable | 41 | €27,604 | €27,630 | +€25 | +0.1% |
| Cash at bank and in hand | 54/58 | €14,440 | €2,017 | -€12,422 | -86.0% |
| Total equity and liabilities | 10/49 | €585,390 | €194,136 | -€391,254 | -66.8% |
| Equity | 10/15 | €137,955 | -€64,442 | -€202,397 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €97,955 | €97,955 | = | 0.0% |
| Distributable reserves | 133 | €97,955 | €97,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€202,397 | -€202,397 | |
| Amounts payable | 17/49 | €447,436 | €258,578 | -€188,857 | -42.2% |
| Amounts payable after more than one year | 17 | €55,417 | €37,917 | -€17,500 | -31.6% |
| Financial debts | 170/4 | €55,417 | €37,917 | -€17,500 | -31.6% |
| Amounts payable within one year | 42/48 | €384,542 | €218,033 | -€166,509 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €11,915 | €7,360 | -€4,555 | -38.2% |
| Trade debts | 44 | €150,837 | €85,025 | -€65,812 | -43.6% |
| Suppliers | 440/4 | €150,837 | €85,025 | -€65,812 | -43.6% |
| Taxes, remuneration and social security | 45 | €46,334 | €42,538 | -€3,796 | -8.2% |
| Taxes | 450/3 | €15,544 | €9,974 | -€5,571 | -35.8% |
| Remuneration and social security | 454/9 | €30,789 | €32,564 | +€1,775 | +5.8% |
| Other amounts payable | 47/48 | €175,456 | €83,110 | -€92,346 | -52.6% |
| Accrued charges and deferred income | 492/3 | €7,477 | €2,628 | -€4,849 | -64.9% |
| Remuneration, social security and pensions | 62 | €158,556 | €176,886 | +€18,330 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,373 | €15,198 | -€6,175 | -28.9% |
| Other operating charges | 640/8 | €2,728 | €2,091 | -€637 | -23.3% |
| Non-recurring operating charges | 66A | -€2,278 | - | +€2,278 | |
| Gross operating margin | 9900 | €238,315 | €397,163 | +€158,848 | +66.7% |
| Operating profit (loss) | 9901 | €57,936 | €202,989 | +€145,053 | +250% |
| Financial income | 75/76B | €537 | €147,000 | +€146,463 | +27,265% |
| Recurring financial income | 75 | €537 | €147,000 | +€146,463 | +27,265% |
| Financial charges | 65/66B | €6,449 | €542,412 | +€535,963 | +8,311% |
| Recurring financial charges | 65 | €6,449 | -€5,664 | -€12,113 | |
| Non-recurring financial charges | 66B | - | €548,076 | +€548,076 | |
| Profit (loss) for the period before taxes | 9903 | €52,024 | -€192,423 | -€244,447 | |
| Income taxes | 67/77 | €15,544 | €9,974 | -€5,571 | -35.8% |
| Profit (loss) for the period | 9904 | €36,480 | -€202,397 | -€238,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,480 | -€202,397 | -€238,877 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.